Asian stocks tumble on fresh US-China trade spat; Chinese exports top forecasts – business live

The GuardianMonday, October 13, 2025 at 6:52:42 AM
Asian stocks tumble on fresh US-China trade spat; Chinese exports top forecasts – business live
Asian stocks are facing a downturn due to renewed tensions in the US-China trade relationship, even as Chinese exports and imports exceeded expectations in September. This situation is significant as it highlights the fragility of global markets, where trade disputes can quickly overshadow positive economic indicators. Additionally, Lloyds Banking Group is grappling with a motor finance scandal, setting aside an extra £800 million for potential compensation claims, which raises concerns about the bank's financial health and its impact on investors.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
US weighing plot to assassinate Maduro – Politico
NegativeWorld Affairs
Recent reports suggest that the U.S. government, under President Donald Trump, is considering a plot to assassinate Venezuelan leader Nicolás Maduro as part of its ongoing efforts against drug cartels. This development raises significant concerns about international relations and the ethical implications of such actions. The potential assassination could escalate tensions between the U.S. and Venezuela, impacting not only diplomatic ties but also the stability of the region.
Witkoff praises PM aide's 'tireless efforts' on Gaza
PositiveWorld Affairs
Witkoff has expressed his appreciation for the tireless efforts of a UK Prime Minister's aide in addressing the Gaza situation, highlighting the significant role the UK played in the recent peace agreement. This acknowledgment not only underscores the importance of diplomatic efforts in the Middle East but also reflects a collaborative approach to resolving longstanding conflicts, which is crucial for regional stability.
Markets rebound amid latest US-China tariff spat as traders look to possible ‘Taco trade’
PositiveWorld Affairs
European stock markets and cryptocurrencies are experiencing a rebound as the latest developments in the US-China trade spat appear less severe than initially feared. Traders are optimistic that the situation may stabilize, which is crucial for global markets. This rebound is significant as it reflects a potential easing of tensions that could benefit international trade and economic growth.
Israel: Thousands celebrate hostages’ return in Tel Aviv’s Hostages Square
PositiveWorld Affairs
In Tel Aviv's Hostages Square, thousands gathered to celebrate the emotional return of 20 Israeli hostages freed through a ceasefire deal facilitated by President Trump. The atmosphere was a mix of joy and sorrow, as the crowd honored the returning hostages while also remembering those who did not make it back. This event highlights the complex emotions surrounding such a significant moment, showcasing the resilience of the community and the hope for future peace.
Russia-US dialogue continues – Putin envoy
NeutralWorld Affairs
Kirill Dmitriev, a key envoy from Russia, has confirmed that dialogue between Moscow and the Trump administration is still active, countering rumors about the diminishing role of negotiator Steve Witkoff. This ongoing engagement is significant as it reflects the complexities of international relations and the potential for future cooperation or conflict between the two nations.
Morning news brief
NeutralWorld Affairs
In a significant development, Hamas has started releasing the last of the Israeli hostages, marking a crucial moment in the ongoing conflict. Meanwhile, President Trump addressed the Israeli parliament, reinforcing his support for the nation. Back in the U.S., the White House is pointing fingers at Democrats for the recent layoffs linked to a government shutdown, despite the fact that these issues have been a part of Trump's broader agenda. This news is important as it highlights the complex interplay of international relations and domestic politics.
President Trump to address Israel's parliament amid hostage exchange
PositiveWorld Affairs
President Trump is set to address Israel's parliament following his pivotal role in brokering a ceasefire in Gaza. His arrival in Israel was met with a warm welcome, highlighting the significance of his involvement in the ongoing conflict. This event is important as it underscores the potential for diplomatic solutions in the region and the impact of international leadership on local issues.
Lloyds puts aside extra £800m for car finance compensation claims
NegativeWorld Affairs
Lloyds Bank has announced it is setting aside an additional £800 million to address potential compensation claims related to the motor finance scandal, bringing its total provisions to nearly £2 billion. This move highlights the bank's acknowledgment of the likelihood that more historical cases may emerge, which could lead to further payouts. This situation is significant as it reflects ongoing challenges within the banking sector and the importance of accountability in financial practices.
This is 'a test,' Obama says of the U.S. under Trump. He gets candid with podcaster Marc Maron
NeutralWorld Affairs
In a recent podcast episode with Marc Maron, former President Obama shared his thoughts on the current state of the U.S. under President Trump, addressing significant issues that Californians are facing. He emphasized the importance of core values, decency, and the need for institutional safeguards. This conversation is crucial as it highlights the ongoing challenges in American politics and the role of leadership in navigating them.
Starmer arrives in Egypt ahead of summit on Gaza plan
NeutralWorld Affairs
Keir Starmer has arrived in Egypt ahead of a significant summit on the Gaza plan, which will be led by President Trump. This meeting is crucial as it aims to finalize an agreement that could impact the ongoing situation in Gaza. The outcome of this summit may influence international relations and humanitarian efforts in the region.
Trump says he may send Tomahawk missiles to Ukraine
PositiveWorld Affairs
Donald Trump has expressed the possibility of sending Tomahawk missiles to Ukraine, a move that could significantly bolster Ukraine's defense capabilities against Russia. This potential support highlights the ongoing international interest in aiding Ukraine amidst its conflict, and it could shift the dynamics of the situation on the ground.
Google won’t reveal if it is lobbying Trump about YouTube’s inclusion in Australia’s under-16s ban
NegativeWorld Affairs
Google has chosen not to disclose whether it is lobbying President Trump regarding the Australian government's proposed ban on YouTube for users under 16. The company expressed concerns during a Senate inquiry, stating that the ban would be 'extremely difficult to enforce' and could lead to 'unintended consequences' that may not enhance children's safety. This situation is significant as it highlights the ongoing debate about online safety for minors and the challenges of regulating digital platforms.
Latest from World Affairs
Key Palestinian prisoners excluded from Israel’s hostage exchange list
NegativeWorld Affairs
The recent decision by Israeli authorities to finalize the release of around 1,950 Palestinian prisoners as part of a hostage exchange deal has raised significant concerns. While this move is seen as a step towards resolving the ongoing conflict, the exclusion of high-profile prisoners like Marwan Barghouti and Ahmad Saadat has sparked criticism. Many believe that including these figures could have fostered a more comprehensive peace process. Additionally, the fact that over half of those released are being deported to Gaza or abroad complicates the situation further, highlighting the ongoing tensions and the challenges ahead for both sides.
Kiev employed IS agent to plot assassination in Russia – Moscow
NegativeWorld Affairs
Recent reports from Moscow allege that Kiev has employed an Islamic State agent to orchestrate an assassination plot against a senior Russian officer. This serious accusation highlights the escalating tensions between Ukraine and Russia, particularly in the context of ongoing conflicts. Such actions could further complicate diplomatic relations and increase hostilities in the region, making it a significant development in the ongoing geopolitical landscape.
US weighing plot to assassinate Maduro – Politico
NegativeWorld Affairs
Recent reports suggest that the U.S. government, under President Donald Trump, is considering a plot to assassinate Venezuelan leader Nicolás Maduro as part of its ongoing efforts against drug cartels. This development raises significant concerns about international relations and the ethical implications of such actions. The potential assassination could escalate tensions between the U.S. and Venezuela, impacting not only diplomatic ties but also the stability of the region.
Witkoff praises PM aide's 'tireless efforts' on Gaza
PositiveWorld Affairs
Witkoff has expressed his appreciation for the tireless efforts of a UK Prime Minister's aide in addressing the Gaza situation, highlighting the significant role the UK played in the recent peace agreement. This acknowledgment not only underscores the importance of diplomatic efforts in the Middle East but also reflects a collaborative approach to resolving longstanding conflicts, which is crucial for regional stability.
Richard Tice confirms Reform abandoning firm commitment to most of the £90bn tax cuts in its 2024 manifesto – UK politics live
NegativeWorld Affairs
In a significant shift, Richard Tice, the deputy leader of Reform UK, has announced that the party is moving away from its firm commitment to £90 billion in tax cuts for its 2024 manifesto, now labeling these plans as mere aspirations. This change raises concerns about the party's fiscal strategy and its potential impact on voters who may have supported them for their tax reduction promises. Meanwhile, Keir Starmer expressed hope for a sustainable peace in Gaza and Israel, highlighting the broader political context in which these domestic issues are unfolding.
Israeli hostages released: all living captives freed as Trump receives standing ovation at Knesset – latest updates
PositiveWorld Affairs
In a significant turn of events, all living Israeli hostages have been released after more than 780 days in Gaza, marking a moment of relief for families and the nation. This release coincides with Donald Trump's visit to the Knesset, where he received a standing ovation, highlighting the strong ties between the U.S. and Israel. The situation underscores the ongoing complexities of the region but also offers a glimmer of hope for future peace efforts.